There is something common about The South African Riche

06 Sep

Business Times revelead that more than half of the top 20 richest people in the country attended public high schools. As their base for their wealth plenty of them had studied commerce or law or both in universities. Now you know what to study if you want to stand a chance to be featured on Sunday Times Rich List.

A man who topped the list Mr Patrice Motsepe hails from a rather rural town in Ga-Rankuwa. These people can be used as an inspiration to move forward in our pursuits. What I found more striking as I was reading the Rich list published in Sunday Times on the 6 September 2011, was that at least seven of those who feature on the Rich List studied at the prestigious Stellenbosch University. Stellenbosch University is that university that had produced what Julius Malema and Andile Lungisa had termed “Stellenbosch Mafia”, and a university I am looking forward eargerly to be an alummni of.

What is common about the nouveau riche in the list is that most attended public high school, handful hold Masters in business Administration (MBA), the majority of them had studied at Stellenbosch University and most are Chartered Accountants aka ‘the bean counters’. Can this really be a formula to be wealthy or to make it big in corporate South Africa?

The following list of people-in no particular order-proud themselves that Stellenbosch University is their alma mater:

  1. Christo Wiese
  2. Koos Bekker
  3. GT Ferreira
  4. Jannie Mouton
  5. Whitey Basson
  6. Paul Harris
  7. Johann Rupert

Proud to be a Matie? At least as students of the University of Stellenbosch, the seven people in the list inspire us to do more, work hard and strive to be relevant change agents in society.

Really, it must feel good to be a UHNWI – an ultra-high-net-worth individual!

Well done!

Source: Business Times


Posted by on September 6, 2011 in Business


Tags: , ,

2 responses to “There is something common about The South African Riche

  1. Vuyo

    September 14, 2011 at 9:56 am

    I would like to respond to your following question:
    *Can this really be a formula to be wealthy or to make it big in corporate South Africa?

    My response is that: just because one event followed after another does, in no way, necessarily mean that the former ’caused’ the latter. With this in mind, I would like to submit that there is no formula to follow. We ought to look out for answers somewhere else.

    • Dumi-rocks

      September 15, 2011 at 4:07 pm

      Thank you for your answer Vuyo.


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